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Assume Demo's December 31, 20X4 ending inventory is 300 units; its December 31, 20X5 ending inventory is 200 units (which is lower than its 20X5

Assume Demo's December 31, 20X4 ending inventory is 300 units; its December 31, 20X5 ending inventory is 200 units (which is lower than its 20X5 beginning inventory); and its December 31, 20X6 ending inventory is 700 units. What is Demo's December 31, 20X6 ending inventory? $4,400 $5,600 $6,300 $7,700

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